Banking on the moves by the Big Three auto makers, Ford, GM and Chrysler – Tesla now also wants a piece of the cake, which in official terms is the tax payers money. The incumbent has asked for $400 million in low or no interest loans to fund two upcoming projects. There could never have been an ideal movement to jump into the ship of bailouts and loans – so I would say that the Tesla’s timing is perfect. Although its uncertain that the Treasury would go for the auto industry bailout, but I am putting my money on the bailout rather than against, which means that Tesla has a really good chance of getting some of the pie.
